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Chartered Accountants
201 De Saram Place
P.O. Box Place
Colombo 10
Sri Lanka
Tel : (0) 11 2463500
Fax Gen : (0) 11 2697369
Tax : (0) 11 5578180
Email : eys@lk.ey.com |
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INDEPENDENT AUDITORS' REPORT
TO THE SHAREHOLDERS OF JOHN KEELLS HOLDINGS PLC
Report on the Financial Statements
We have audited the accompanying financial statements of John
Keells Holdings PLC (“Company”), the consolidated financial
statements of the Company and its subsidiaries which comprise
the balance sheets as at 31 March 2008, and the income
statements, statements of changes in equity and cash flow
statements for the year then ended, and a summary of significant
accounting policies and other explanatory notes.
Management's Responsibility for the Financial Statements
Management is responsible for the preparation and fair
presentation of these financial statements in accordance with Sri
Lanka Accounting Standards. This responsibility includes:
designing, implementing and maintaining internal control
relevant to the preparation and fair presentation of financial
statements that are free from material misstatement, whether due
to fraud or error; selecting and applying appropriate accounting
policies; and making accounting estimates that are reasonable in
the circumstances.
Scope of Audit and Basis of Opinion
Our responsibility is to express an opinion on these financial
statements based on our audit. We conducted our audit in
accordance with Sri Lanka Auditing Standards. Those standards
require that we plan and perform the audit to obtain reasonable
assurance whether the financial statements are free from material
misstatement.
An audit includes examining, on a test basis, evidence supporting
the amounts and disclosures in the financial statements. An audit
also includes assessing the accounting principles used and
significant estimates made by management, as well as evaluating
the overall financial statement presentation.
We have obtained all the information and explanations which to
the best of our knowledge and belief were necessary for the
purposes of our audit. We therefore believe that our audit
provides a reasonable basis for our opinion.
Opinion
In our opinion, so far as appears from our examination, the
Company maintained proper accounting records for the year
ended 31 March 2008 and the financial statements give a true
and fair view of the Company's state of affairs as at 31 March
2008 and its profit and cash flows for the year then ended in
accordance with Sri Lanka Accounting Standards.
In our opinion, the consolidated financial statements give a true
and fair view of the state of affairs as at 31 March 2008 and the
profit and cash flows for the year then ended, in accordance with
Sri Lanka Accounting Standards, of the Company and its
subsidiaries dealt with thereby, so far as concerns the
shareholders of the Company.
Report on Other Legal and Regulatory Requirements
In our opinion, these financial statements also comply with the
requirements of Sections 151(2) and 153(2) to 153(7) of the
Companies Act No. 07 of 2007.
22 May 2008
Colombo. |
